Hawaii Living

Pacific Monarch #902 (Waikiki)

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2427 Kuhio Ave #902, Honolulu
This property was sold July 09, 2020 for $495,000
Description
Historical low Interest Rate makes this unit a GREAT INVESTMENT for your second home or vacation rental income. Desirable “02” stack one bedroom with EYE LEVEL OCEAN view in the heart of Waikiki! Pacific Monarch, ONE of the only several LEGAL VACATION RENTAL CONDOMINIUMS in Waikiki with very high occupancy rate. Hotel amenities include rooftop breathtaking ocean view pool, Jacuzzi, Sauna, Penthouse recreation room and Community Laundry Room. Prime location in the center of world-famous Waikiki to all. Only one and a half block to beach. International Market Place, restaurants, shopping and entertainment are just around the corner.
Past Activity
  • Jul 09, 2020 Sold @ $495K
  • May 22, 2020 In Escrow
  • Mar 24, 2020 Price ↓ $500K
  • Mar 09, 2020 Listed @ $530K
More Details
  • HOA Fees / Interior Sf: $1.71
  • Price / Interior Sf: $1,129
  • HOA Fees Include: Cable TV, Electricity, Hot Water, Internet Service, Other Common Expenses, Sewer, Water
  • Sold Furnished: Fully
  • Owner, Tax & Resale History: Click here
  • MLS: 202005069
  • Occupancy Type: Hotel Rental Pool
  • View: City, Ocean
  • Zoning: X6 - Resort Hotel Precinct
  • Flood Zone: Zone AE
  • Owner Occupancy: 10%
  • Management Company: OLS Hotel & Res
  • Security Features: Card, Security Patrol
  • Amenities: BBQ, Community Laundry, Meeting Room, Other, Patio/Deck, Pool on Property, Recreation Area, Recreation Room, Restaurant, Sauna, Security Guard, Trash Chute, Whirlpool
  • Inclusions: AC Window Unit, Cable TV, Drapes, Microwave, Range/Oven, Refrigerator, Smoke Detector
  • TMK: 1-2-6-23-56-28
  • Tax Assessed Land: $97,500
  • Tax Assessed Improvements: $391,700
  • Tax Assessed Total: $489,200
  • Special Sales Terms: None
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The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on August 10, 2020. Information is deemed reliable but not guaranteed.
#902 - listing courtesy Coldwell Banker Pacific Prop.

Sold 7/9/20 for

$495,000

Living

443 sqft

Baths

1

Beds

1

 
 
    Description
    Historical low Interest Rate makes this unit a GREAT INVESTMENT for your second home or vacation rental income. Desirable “02” stack one bedroom with EYE LEVEL OCEAN view in the heart of Waikiki! Pacific Monarch, ONE of the only several LEGAL VACATION RENTAL CONDOMINIUMS in Waikiki with very high occupancy rate. Hotel amenities include rooftop breathtaking ocean view pool, Jacuzzi, Sauna, Penthouse recreation room and Community Laundry Room. Prime location in the center of world-famous Waikiki to all. Only one and a half block to beach. International Market Place, restaurants, shopping and entertainment are just around the corner.
    • Jul 09, 2020 Sold @ $495K
    • May 22, 2020 In Escrow
    • Mar 24, 2020 Price ↓ $500K
    • Mar 09, 2020 Listed @ $530K
    • Address: 2427 Kuhio Ave, Honolulu, HI 96815.
    • Built in 1980, 121 Units on 32 Floors, Studio & 1BR, Pets: No.
    • Amenities include Sauna, Pool, Whirlpool, Party Room, Security Guard.
    • The 1BRs have full kitchens!

    About Pacific Monarch
    Waikiki's Pacific Monarch will most likely not be your primary residence. This is an investment, an income-making property, maybe even your place to stay when you want to enjoy some beach time. As a condotel, proximity to the sands is extremely important to getting guest bookings for your room. No worries about that here.

    The building stands right on Kuhio Ave and Uluniu Ave. The central stretch of Waikiki Beach is a 2 minute, or less, stroll straight down Uluniu. The district's two enclosed lagoons, popular for their calm waters, are directly in front of you where the street meets the ocean, beckoning you to come in for a cool dip.

    Another concern with Waikiki condos, even for vacationers, is the noise factor. Some   ....click here to read more
    The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on August 10, 2020. Information is deemed reliable but not guaranteed.
    #902 - listing courtesy Coldwell Banker Pacific Prop.
    You do not own the land, but have the right to use the land until an expiration year. At expiration the ownership typically reverts back to the land owner.
    Buyer and Seller have reached an agreement and are under contract. However, the sale is still subject to one or more contingencies.
    We have handled many transactions for clients who purchase Hawaii real estate without visiting. By request, we can prepare thorough property videos to ensure you are familiar with every detail necessary. All documents can be signed remotely.
    Buyer and Seller have reached an agreement and are under contract. The sale is expected to close / record soon.
    We will be happy to work with you as a Buyer's agent. Call us to learn more: 808-943-9000.
    Note: A Seller's agent has a fiduciary responsibility towards the Seller. Working with a Buyer's agent objectives and goals are aligned, at no cost to you, the Buyer.
    Other fees could be a special assessment, reserve contributions etc.
    DOM = Days On Market. Our site shows listings immediately. A brand new listing may show DOM 2 or 3 days, if listing agent did not upload the same day listing agreement was executed.
    Includes estimated monthly mortgage payment, maintenance / HOA fees & property taxes. The estimate does not include insurance premiums.
    Learn more about Oahu property taxes here.